I am betting that Shane has the best answer for this question.

I am a long time user of Final Cut. Recently I worked on my first project using AVID and was very mystified. They said they capture at 15/1 ratio and it seems to be about 31 mbps. So if they were capturing at a 1/1 ratio, that just seems like a very large file for just one minute of footage. Am I crazy or doesn't Final Cut give you a better quality video for far less storage space?

They said they capture at 15/1 ratio and it seems to be about 31 mbps.
Yes, that is an "offline" resolution. Like Offline RT is in FCP, or ProRes Proxy. Good only to see what you are cutting. You recapture at full resolution later. This is the very typical and standard Avid workflow that has worked well for decades.
So if they were capturing at a 1/1 ratio, that just seems like a very large file for just one minute of footage.
Yes....1:1 is comparable to Uncompressed 10 bit in FCP, which also produces very large media files. Avid also has a DV codec, for capturing DV material, and that is comparable to FCPs DV codec. Lossless, yet small, because they are native DV codecs.
Am I crazy or doesn't Final Cut give you a better quality video for far less storage space?
You are crazy. As JIm said, there are many different flavors of codecs. Avid's 1:1 is comparable to FCP's Uncompressed 10-bit. Avid DV is FCP DV. Avid's DNxHD, the preferred codec of choice now, was revolutionary as it gave 1:1 quality at much smaller file sizes. FCP follows suit with ProRes...full uncompressed quality, smaller file size.
Shane

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